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cnbc.com
CNBC Daily Open: Higher oil, higher yields, lower volatility
A jump in oil prices sends jitters through stock and bond markets, keeping investors on edge as the ceasefire between the U.S. and Iran expires.
cnbc.com
South Korea must brace for ‘worst-case scenario,’ President Lee says, as Trump cuts military drills
The annual exercises, are defensive and not intended to attack North Korea or raise tensions on the peninsula, Lee said.
bbc.co.uk
Homeowner feared energy grant scheme was a scam
Councils in Cambridgeshire have asked the government for more money after the success of the scheme.
bbc.co.uk
'It was either feed my animals or feed myself'
Pet food banks says donations of food have dipped over the summer.
theguardian.com
Burnham is choosing jobs over climate security. That’s a big risk | Gaby Hinsliff
The PM’s net zero pragmatism may please some voters, but as parts of the country go up in flames, it’s an increasingly hard sellWhen the siren sounded on Friday night, my first thought was fire.Weeks of unrelenting sun in the normally soggy Peak District, where I was visiting my mum, have bleached green valleys a dangerously dry, crispy blond. One of her neighbours had earlier pointed out an ominous cloud of smoke on the horizon, coming from one of the wildfires raging all summer on the moor. When that harsh, discordant shriek blared from every mobile phone in the house, I was half-braced for an evacuation order, not what turned out to be a faintly melodramatic warning to the nation to lay off the barbecues. A false alarm, of sorts, but one that felt uneasily like a wake-up call. Continue reading...
theguardian.com
Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility
Many buyers wait in hope of better deal, although there are hotspots in Scotland and northern EnglandHalf of homes in Great Britain are taking longer to sell than last year as volatile conditions in the mortgage market amid the Iran war prompt buyers to “wait and see” if they can get a better deal, according to a report.As the Middle East conflict continues to unfold, the property platform Zoopla said homes in 180 out of 363 local authorities in England, Scotland and Wales were taking longer to sell compared with a year ago. Continue reading...
cnbc.com
Ship attacked in Hormuz Strait as U.S.-Iran ceasefire expiry risks prolonged conflict
The attack caused damage to the engine room and resulted in a crew casualty, UKMTO said, adding that the remaining crew were being assisted by the Omani Coast Guard.
theguardian.com
Top economists urge Burnham to sign UK up to UN initiative on global inequality
Open letter signed by 40 academics including Nobel winner Joseph Stiglitz and Kate Pickett, co-author of The Spirit Level Forty prominent progressive academics are urging Andy Burnham’s government to join a new global push to tackle inequality.The experts include Nobel winner Joseph Stiglitz, University College London professor Mariana Mazzucato, vice-chancellor of the London School of Economics Larry Kramer, and Kate Pickett, co-author of The Spirit Level. Continue reading...
cnbc.com
Credit card issuer Synchrony announces partnership with OpenAI
The collaboration, which is in its early stages, is a step toward enabling Synchrony customers to have smoother online shopping experiences.
bbc.co.uk
Disabled people in England to get 24-hour free bus travel
The change, which has been welcomed by campaign groups, will come into effect in England from April.
bbc.co.uk
US-Canada trade talks 'intense' as new tariff deadline looms
Mark Carney will need to sell Canadians on any concessions made to the US as negotiators scramble to reach a deal to avoid Trump’s latest tariffs.
cnbc.com
'Absolutely crazy': Here's what South Korean stock investors are doing in U.S. markets
South Korean stock investors have made 'absolutely crazy' bets as they flee their home market, while global investors pile in.
bbc.co.uk
To joke or not to joke?: How to write a good out-of-office message
As we hit peak holiday season, the BBC looks at the dos and don'ts of composing a good out-of-office message.
cnbc.com
CNBC's The China Connection newsletter: Money or power? The key to winning the AI race
The U.S. can outspend China in financing artificial intelligence development, but is that the only factor that matters?
cnbc.com
Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay
Paramount agreed to delay its proposed acquisition of WBD to as late as June 2027 while the state AGs' case heads to trial.
cnbc.com
Nvidia backing $105 billion in financing for OpenAI data center in Ohio
Technology giants are shelling out billions to scale capacity to meet massive data center demand.
bbc.co.uk
Fifa official sacked after Infantino plan criticism
Senior Fifa figure Kevin Lamour is sacked by football's world governing body three weeks after criticising its president Gianni Infantino.
bbc.co.uk
Business Daily
Amid economic uncertainty, workers are more cautious about taking their next career step
cnbc.com
Disney's new parks boss outlines investment strategy, with superfans at the fore
Disney Experiences chief Thomas Mazloum is focused on balancing the needs of its most ardent parkgoers with its less frequent visitors.
cnbc.com
30-year Treasury yield tops 5.31%, the highest in 19 years
Treasury yields were higher as traders awaited the latest FOMC minutes due later this week.
bbc.co.uk
Does Reform's plan to cut £50bn in welfare spending add up?
BBC Verify breaks down what the party says it wants to do to cut the benefits bill - and how realistic it is.
cnbc.com
Trump won't extend Iran ceasefire, threatens to 'bomb' Oman if it 'gets in the way'
Shipping traffic in the Strait of Hormuz sank to a new low as a ceasefire between the U.S. and Iran is set to expire on Monday with no deal in sight.
cnbc.com
Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations
The rapid drawdown of the U.S. Strategic Petroleum Reserve could damage the caverns that store the oil, experts warn.
bbc.co.uk
Film commission backs Amazon MGM expansion of studios
The Berkshire film studio was previously home to iconic horror studio Hammer Films.
theguardian.com
Ministers drop plan to relax affordable housing rules after negative response
Government concedes ‘significant opposition’ requires new approach on quotas for medium-sized development sitesMinisters have dropped plans to relax affordable housing rules for developers in England after a backlash from housing experts who warned it could drastically cut the number of cheaper homes available in rural areas.The government said on Monday it would not go ahead with proposals to end affordable housing quotas for private builders on sites containing between 10 and 49 houses after a consultation triggered an overwhelmingly negative response. Continue reading...
cnbc.com
Refiner stocks are on a nearly unprecedented run. History says it could end soon
Refining is a great business, but if you've had the good fortune to ride this trade this year, it's likely time to take profits.
theguardian.com
Virgin Trains a step closer to running services to Europe in blow to Eurostar
Operator granted UK track access for as many as 20 daily return trains to Paris, Brussels and Amsterdam from 2030Business live – latest updatesVirgin Trains has been granted track access by the rail regulator to enable it to run services between London and Paris, Brussels and Amsterdam from 2030, in a key step towards breaking Eurostar’s monopoly on the cross-Channel passenger route.The Office of Rail and Road (ORR) said it had given approval for Richard Branson’s company to run as many as 20 daily return services using the High Speed 1 line that runs between London St Pancras and the Channel tunnel. Continue reading...
cnbc.com
Nvidia financing initiative follows SEC guidance that takes sponsors off the hook for data center investments
Recent SEC instructions on data center bonds appear applicable to the recent Nvidia financing move, lawyers say.
cnbc.com
Meta faces ‘astronomical’ consequences as legal fight reaches critical moment in California
Meta faces a federal trial over child safety claims that could bring major financial penalties and changes to Facebook and Instagram.
theguardian.com
European farmers face ‘unprecedented crisis’ after successive heatwaves
Vegetable and grain growers call for urgent action, warning of ‘catastrophic’ harvests due to continent-wide droughtSuccessive intense heatwaves and an increasingly severe, continent-wide drought have left many of Europe’s farmers in an “unprecedented” crisis, with vegetable and grain growers in particular warning of “catastrophic” harvests.French vegetable production is down by “a very significant extent” compared with previous years, French growers have said, with shortfalls put at 25% for courgettes, 35% for lettuces, 40% for peas, 60% for broccoli and 50% to 100% for artichokes. Continue reading...
theguardian.com
China’s economy showing signs that slowdown may be extending
Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates everChina’s economy is showing signs of extending a slowdown with a slump in industrial output and retail sales in July, adding to pressure on Beijing to intervene with measures to support activity.After the world’s second largest economy posted one of its lowest quarterly growth readings on record in the three months to June, the latest figures suggest it continued to falter in July. Continue reading...
theguardian.com
Leading economies’ borrowing costs hit highest since 2008 crisis
Concern over impact of Iran war pushes up government bond yields in US, UK, France, Germany and JapanGovernment borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday as investors feared the Middle East crisis would keep inflation persistently high.Concerns over rising prices and government spending pushed up the cost of debt issued by Paris, Berlin, Washington DC, Tokyo and London as investors fretted that rising prices would push up interest rates. Continue reading...
cnbc.com
Extreme heat spurs earliest-ever Champagne harvest, putting its famous taste to the test
Producers of the iconic French fizz face a challenge to preserve its taste profile while they also battle tariff complications and fewer drinkers.
theguardian.com
Sainsbury’s store pauses AI scanning after false shoplifting accusation
Supermarket chain says ‘human error’, not its Facewatch technology, to blame for ejecting a customerSainsbury’s has paused the use of AI face scanning in one of its stores after a customer was wrongly identified as a shoplifter and ejected from the shop.“I was embarrassed, mortified even, and felt quite humiliated and powerless,” Matt Arnold, 46, said of his ordeal. Continue reading...
cnbc.com
Vista Energy up 4% after billionaire Peter Thiel buys stake in the Argentine shale oil producer
Peter Thiel’s hedge fund disclosed a $76 million stake in Argentine oil producer Vista Energy, sending its shares higher in premarket trading.
bbc.co.uk
Virgin takes step towards running Channel Tunnel rail services
Firm wants to run up to 20 daily journeys to Europe but it must get additional approval for overseas tracks.
bbc.co.uk
Viral vodka brand Au set to sell for £500m to BuzzBallz owner
The distinctive gold Au bottles have become a staple of poolside parties in Ibiza and Dubai.
cnbc.com
'Don't get too comfortable': Wall Street’s ‘fear gauge’ hits 2026 low — here's why it's unlikely to last
A falling VIX points to growing investor complacency ahead of a traditionally turbulent time for markets, strategists warn.
bbc.co.uk
'I used food banks while my ex owed thousands in child maintenance'
Parents have told BBC Panorama the agency tasked with helping to secure financial support for children after separation or divorce is driving them to breaking point.
theguardian.com
JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks
Billionaire CEO of world’s biggest bank says any windfall tax on sector’s bumper profits could harm jobs in CityBusiness live – latest updatesJamie Dimon, the boss of the US bank JP Morgan, has urged John Healey not to use his first budget as chancellor to increase taxes on banks’ bumper profits.Speculation has been growing that a windfall tax could be imposed on UK lenders to fund Andy Burnham’s cost of living agenda, with campaigners estimating such a move could raise £19bn. Continue reading...
cnbc.com
Alibaba answers Meta’s AI challenge with new laptop-ready model
Alibaba launched a laptop-ready AI model and released the weights of its most powerful Qwen model, escalating its rivalry with Meta in open-weight AI.
theguardian.com
Thom Yorke, Romy and Brian Eno among 200 musicians urging PM to reject new North Sea drilling
Robert Smith, Olly Alexander and Paris Paloma also among signatories to letter saying exploitation of Rosebank and Jackdaw fields defies climate realityBusiness live – latest updatesMore than 200 musicians including Massive Attack and Brian Eno have written to Andy Burnham urging him to reject plans for more oil and gas drilling in the North Sea.The letter, signed by 211 artists such as Bobby Gillespie, Olly Alexander and Paris Paloma, called on the prime minister to reject the Rosebank oilfield, warning that the project would fail to lower energy bills or provide energy security as most of the oil was likely to be exported. Continue reading...
theguardian.com
Senior Russian banker fired after scathing speech on wartime economy
Andrei Klepach of VEB said Russia’s economy was falling behind China, US and ‘in some respects Ukraine’Europe live – latest updatesThe chief economist at Russia’s second-largest bank has been fired after a series of critical comments about the state of the economy, including warnings that Moscow would not win a prolonged economic war with Ukraine.Andrei Klepach, who had served in the role at the state-controlled development bank VEB since 2014, was fired days after Russian media reported on a scathing speech he had delivered to fellow economists in May. Continue reading...
cnbc.com
Russia targets Danube port after one of Ukraine’s largest aerial attacks of the war
Russia struck port infrastructure in Ukraine’s Odesa region, damaging a Togo-flagged civilian vessel near Izmail after Kyiv launched a major drone attack on Moscow.
bbc.co.uk
Changing pubs into homes to be made harder under new rules
The rules will come into force on Monday along with other changes to planning policy.
cnbc.com
Ferrari Luce: Polarizing EV becomes a $40 million collector’s item
The auction of the Luce comes nearly three months after Ferrari unveiled its first fully electric car, which was priced at 550,000 euros (roughly $640,000).
cnbc.com
CNBC Daily Open: U.S.-Iran ceasefire set to expire
The fragile and contested ceasefire between the U.S. and Iran is set to expire today with no extension in sight.
theguardian.com
British Gas paid me £38,000 by mistake, and I can’t give it back
It said that was what I was due after I submitted a claim for £300 for energy exported through my solar panelsBritish Gas paid me more than £38,000 by mistake, then had no idea how to reclaim it. I receive quarterly feed-in tariff (Fit) payments for energy exported by my solar panels.In May, I submitted a claim for £300, based on my meter reading, and I received an email stating that I was due £38,611.59. Continue reading...
cnbc.com
Japanese automakers vulnerable to one-two punch of Iran war, yen rally
Japanese automakers vulnerable to one-two punch of Iran war, yen rally
bbc.co.uk
Instagram and Facebook could change forever if Meta loses child privacy trial
US states are suing the social media giant to force an overhaul of its platforms for young users.
bbc.co.uk
Sainsbury's branch halts AI use as shopper ejected
Matt Arnold says he was asked to leave the store after being wrongly flagged as a shoplifter.
theguardian.com
Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
Fierce competition in some areas of London means landlord purchasers are making successful lowball offersThe average price of a home coming up for sale in Britain’s richest borough has dropped by almost £100,000 in a month as fierce competition among sellers in many areas prompts some to slash their price expectations, data shows.The property website Rightmove said that for Britain as a whole, average newly listed asking prices for homes had fallen by 2% over the past month, the largest August price drop in eight years. Continue reading...
theguardian.com
Are Microsoft’s AI plans being held back by a shortage of chips?
Guardian investigation finds apparent discrepancy between what tech company has said about its AI capacity – and the number of advanced chips it has in operationThe chips are quite small and some can be held in the palm of a hand. They are fundamental to the development of artificial intelligence models – and the world’s biggest technology companies need vast numbers of them to keep ahead.Microsoft is one of them. And, on paper, it seems to have a problem. A Guardian investigation has found an apparent discrepancy between what the company has said about its AI capacity – and the number of advanced AI chips it has in operation. Continue reading...
bbc.co.uk
Ferrari's first ever electric car sold for record $40m
The Luce's launch drew backlash from some commentators who said it broke from the brand's signature dramatic styling.
cnbc.com
Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations
On an annualized basis, Japan saw growth of 1.1%, against estimates of 2%.
bbc.co.uk
India built the world's biggest digital payments miracle. Now comes the bill
India's UPI may finally face merchant fees, raising questions over who pays and whether users will resist.
bbc.co.uk
How switching your bank account could earn you up to £220
New research suggests staying put is costing British savers billions in missed interest every year.
theguardian.com
Summer jobs bounce back in UK thanks to busy calendar of sport and music
Industry tracker finds ‘exceptionally warm weather’ has helped boost job listings in hospitality and tourism sectorThe summer job has staged a comeback this year thanks to the hot weather and a packed calendar of events such as the men’s football World Cup, new UK figures show.Recent months have seen a significant increase in seasonal hiring in sectors such as hospitality and tourism compared with summer 2025, said the Recruitment and Employment Confederation (REC), which runs a monthly labour market tracker. Continue reading...
theguardian.com
The Guardian view on the changed world of job interviews: missing the human factor | Editorial
Andy Burnham’s doubts about Zoom interviews apply more widely to a hiring process being transformed by AIAlmost half of UK jobseekers have found themselves pitching to an AI bot, according to recent research, leading many to give up in frustration. As one despairing applicant lamented in the pages of the Guardian a few months ago: “The hiring process has become so mechanised, both figuratively and literally, that it’s hard to believe that the people who end up getting hired aren’t merely the best at gaming the system.” For young people especially, experiencing repeated rejection without interacting with a single human being is alienating as well as disappointing.It was encouraging, therefore, to hear Andy Burnham voice concerns about online recruitment processes on a recent employment-focused podcast. Describing the jobseeking environment for young people as “harsh”, the prime minister criticised the widespread use of interviews on Zoom and Microsoft Teams, and questioned whether applicants could properly convey their personal qualities without a face-to-face meeting.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
Water companies in England and Wales explore ‘surge pricing’ during drought
Suppliers could factor water scarcity into charges as part of Ofwat proposal to reduce consumptionWater companies could be allowed to raise bills for customers during periods of drought under proposals being considered by the sector’s regulator for England and Wales.Suppliers would be permitted to factor “water scarcity” into bills as part of efforts to reduce consumption under Ofwat’s plans, which are being likened to surge pricing – the practice where private hire firms raise taxi fares at times of higher demand. Continue reading...
theguardian.com
Interest rate dilemma for central banks as inflation rises but growth slows
The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran warNew UK cost of living crisis looms as rising energy bills lift inflationAs the Middle East crisis drags on into its sixth month, central banks sit in a tricky position. Oil prices remain at elevated levels, stoking inflationary pressures while also threatening to weigh on growth.The US Federal Reserve, the Bank of England and the European Central Bank are still smarting from the criticism of their inaction in 2022, when inflation soared above 10% in the UK and eurozone and over 9% in the US. Continue reading...
theguardian.com
‘I see the incredible promise’: on set of an AI film shoot as new studios embrace controversial tech
Amid fears for jobs, some film-makers say AI could enable them to bypass studio giants and take more creative risksNear the collonaded entrance to Sony Pictures’ historic Culver City film studio, a tech-powered rival has sprung up this summer. The artists at Promise, a new studio feeding off the potential of AI, can glimpse the lots where Singin’ in the Rain and Men in Black were shot, but no longer do they need to get beyond the studio’s high walls to make their visions come true.From far more modest premises, they are making movies with rapidly accelerating AI models that create backgrounds, special effects and even “synthetic performers” – using US models but also driven by market-leading Chinese AI. Continue reading...
theguardian.com
‘Why did it become personal?’: furore over plans to expand Kent oyster shack
James Green’s oyster company owns a chunk of Whitstable’s shoreline but success has not brought affection from residentsThe clink of glasses and the lapping of the tide was punctuated by giggling toddlers and the slurp of oysters at tables populated by people gently sizzling on a baking day on the Kent seaside.But James Green, of the Whitstable Oyster Fishery Company, had the demeanour of a man who had found grit in his mollusc. “I don’t like to use the term but it is nimbyism,” he said. “Why did it become personal? I don’t know really. Because we’re a family business, it’s a relatively small town?” Continue reading...
theguardian.com
Andy Burnham has barely acknowledged the climate crisis. If only Britain’s workers had that luxury | John Harris
Nurses collapsing, builders with heatstroke, bus drivers in cabs that reach 44C. The new PM wanted to spend the summer talking about the cost of living – he should change his plansI don’t think I have ever written before about a British strike directly related to the climate emergency. But that’s exactly what began late last week in north London, with a zeitgeisty connection to Andy Burnham’s fixation on buses: picket lines outside depots and massed walkouts, while the temperatures in the relevant parts of the capital and its suburbs hovered at about 34C (93F).Last Friday, more than 1,500 drivers employed by the transport giant Arriva began a planned run of 26 stoppages through to October, affecting bus routes spread between London and Essex. Everything is being led by the union Unite, whose recent grievances include alleged company union-busting and assaults by the public on staff. But the fundamental basis of the dispute is at the heart of the national condition: the near-impossibility for millions of people of working through another insanely hot summer.John Harris is a Guardian columnist Continue reading...
cnbc.com
Secret outperformer: Dispelling the 'myths' about an unloved stock market
European markets fly under the radar when compared with larger and more liquid U.S. markets, but Goldman Sachs offered to dispel some of the myths.
theguardian.com
A positive new report raises the question: was Reeves undermined by dodgy data? | Heather Stewart
Assessment’s finding of a jump in UK productivity emphasises urgent need to appoint a national statisticianThe keen new chancellor, John Healey, responded to last week’s better-than-expected economic news by claiming the government was “bringing hope back”. Growth did not plunge as feared after Donald Trump unleashed war on Iran – with GDP expanding at a pretty decent 0.4% in the second quarter.But what if we should have held on to a bit more hope all along? A new assessment of the UK’s recent productivity suggests this critical measure of the country’s economic strength may have been systematically underestimated. Continue reading...
theguardian.com
From tourism to power generation and productivity, Europe feels economic cost of heatwaves
Low river levels have stalled German freight traffic and forced closure of nuclear plants in FranceAcross Europe this scorching summer, workers have struggled in the heat as wildfires raged and critical infrastructure was shut down.Here we look at the impact of the heatwaves on several major economies across mainland Europe – with the help of analysis from economists at the Dutch bank Triodos, who estimate a total of €180bn could be wiped off EU GDP by the heatwaves. In the UK, the green thinktank Verdant said this week that the heat had already cost the economy £4.4bn by the end of July. Continue reading...
theguardian.com
‘We detected unusual activity’: the scam that uses AI to exploit your holiday photos
Fraudsters use pictures posted on Instagram or Facebook to create emails seeking bank account detailsYou are on a short break in Porto and post some pictures of your family on Instagram or Facebook. With a small section of the Douro river in the background, you think it could have been taken anywhere.A few days later, you get a text saying that your card was compromised. “We detected unusual activity while you were travelling in Porto – please verify immediately,” says the message. Continue reading...
bbc.co.uk
I survived two years as prime minister in a hit new game - then my cabinet deserted me
Mobile game No 10: Full Confidence recently ranked above Minecraft on the UK App Store paid games chart
theguardian.com
‘Strategic change and grasping nettles’: where now for John Lewis as boss exits?
Peter Ruis appeared ‘to be doing a good job in difficult circumstances’ at department store chain, says analyst“Going up?” After a tough week for department stores it feels as if that sales aspiration is as dated as the singsong phrase in the opening credits of Are You Being Served? Simpsons of Piccadilly, which inspired the fictional Grace Brothers department store in which the 1970s TV sitcom was set, is long gone, and several of its modern equivalents are now fighting oblivion.The boss of John Lewis, Peter Ruis, clearly decided it was time to exit the elevator this week, announcing his abrupt departure from the UK’s biggest department store chain in a surprise statement. Days later, Harvey Nichols, the luxury Knightsbridge store that was once a byword for 1990s chic, was bought out of administration for a knock-down price by the owner of Sports Direct, Mike Ashley’s Frasers Group. Continue reading...
theguardian.com
UK’s biggest EV battery gigafactory shelves expansion as Jaguar Land Rover talks stall
Chinese-owned AESC has pushed back plans in sign of slowing transition from petrol and diesel to electric carsAndy Burnham moves to cut new EV sales targetsThe UK’s biggest gigafactory has shelved plans to expand production in Sunderland because of stalled talks on a deal to supply electric car batteries to Jaguar Land Rover.Chinese-owned AESC produces batteries for Nissan at its gigafactory next door to the Japanese carmaker’s Sunderland plant. However, AESC has had to push back its ramp-up plans because of lower-than-expected demand from Nissan and the lack of a deal with JLR, according to people with knowledge of the situation. Continue reading...
theguardian.com
Donald Trump doesn’t just love billionaires, he loves multimillionaires too
US tax policy deprives the government of revenue and overwhelmingly serves the interests of the richAfter the House passed its version of Donald Trump’s One Big Beautiful Bill Act (OBBBA) last year – the one that paired a $5tn-plus tax cut with $1tn-plus of cuts from food stamps and Medicaid – the House speaker, Mike Johnson, explained that “this is not giving tax cuts to the millionaires”. The beneficiaries, he said, were “small business owners” that “provide the jobs in every community in America”.Johnson was playing to the myth of the modest, sturdy Main Street job creator. It is an appealing story. It’s also the most consequential piece of BS distorting American policy that deprives the government of tax revenue, stunts American capitalism, twists regulations, thwarts competition and overwhelmingly serves millionaires’ interests. Continue reading...
theguardian.com
From food to tech to travel: the best student deals and discounts
You can save money at university, especially using schemes such as UNiDAYS, Student Beans or TOTUM‘Watch your spending, use free perks’: an insider’s tips on student moneyWith rents on the up and food costing more, maintenance loans are stretched thinner than ever. Knowing how, and where, to get a discount can make a real difference.A golden rule is to register with the big discount websites and apps – UNiDAYS, Student Beans and TOTUM – using your university email address as soon as you have one. Each has a slightly different roster of retailers, so it is worth signing up to all three. Continue reading...
theguardian.com
‘I don’t even drink whisky’: Scotland reels in visitors as much of Europe swelters
More direct flights from North America and, say tourism chiefs, Highland warriors and Tartan Army have helpedFor the tourist industry, 2026 has been a rocky year, with war, EU border delays, climate and economic woes gnawing away at holiday plans. But while much of Britain is feeling the loss of visitors from the Middle East and beyond, one part is thriving.Scotland is reeling in ever more visitors, with strong annual growth and a 15% rise in flight bookings to Scottish airports in June and July, compared with a drop in bookings to London and the rest of England in recent months, according to VisitBritain figures. Continue reading...
theguardian.com
‘A tax on being thin’: only high earners make overall savings on food bills from weight-loss drugs
Users need discretionary income of nearly £100,000 a year to make savings on their grocery spend after paying £1,200 for GLP-1s, analysis findsThe high cost of weight-loss medication is a “regressive tax on being thin” because the outlay outweighs any saving on food costs for all but the highest earners.Someone needs to have discretionary income of nearly £100,000 a year to actually save money after covering the £1,200 annual cost of GLP-1 medication, according to an analysis by the consultancy Baringa. Continue reading...
cnbc.com
Beijing is said to move to clarify tax rules stoking confusion among China's ultra-wealthy
Beijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.
theguardian.com
‘Watch your spending, use free perks’: an insider’s tips on student money
Avoid getting into debt at university with tricks to save cash, earn extra funds and have a good timeThe best student deals and discountsOver the past two years university student Erin has been giving Martin Lewis a run for his money when it comes to hunting down the best hacks, tips and tricks to save cash and earn money.The 21-year-old has seen Oasis for free; earned tickets to race days; made money from selling secondhand clothes (£200 in one weekend alone); and enjoyed cut-price treats with friends. Continue reading...
cnbc.com
Russia's economy has defied the skeptics. Cracks are getting harder to hide
Russia's wartime economy is under growing strain as its budget deficit widens and analysts warn pressure could intensify next year.
bbc.co.uk
Temporary ban on disposable BBQs as military deployed to help battle wildfires
Single-use grills pose a "significant risk to the public" in current drought and heatwave conditions, the government warns.
bbc.co.uk
Protein or pickled garlic? What's new in ice cream
There's a constant battle in ice cream to come up with new flavours and to keep costs down.
bbc.co.uk
Why is Selena Gomez being sued?
BBC journalist Ana Guerra-Moore looks at why investors who backed Wondermind Global are claiming the pop star failed to fulfil promises.
bbc.co.uk
Electric vehicle sales targets could be cut after pressure from car makers
The government says it is considering cutting the new electric car sales target from 80% to 50% by 2030.
theguardian.com
Milk, wine, salad: how your food will be affected by the summer of heat
There are parched fields, overheating sheep and potentially the worst cereal harvest since detailed records began – but it’s a good year for cider applesAs parts of the UK swelter through a fifth successive climate crisis-driven heatwave and nearly three-quarters of England remains in drought, how are six homegrown products faring? Continue reading...
bbc.co.uk
Selena Gomez sued for alleged fraud over mental health company
Investors say the actor and singer did not take an "active role" in the company as promised.
theguardian.com
Gen Z and millennials have it far worse than my generation. Here's why | Opinion
'I know my age group has called the young lazy, entitled snowflakes,' says Guardian columnist Polly Toynbee, who has been writing for the Guardian for nearly 50 years. 'But I know whose side I’m on and it’s not my own generation’s.'Polly believes that the social contract between younger and older generations has been broken, with gen Z and millennials set to be worse off than their parents in the face of soaring unemployment, stagnating wages and ballooning house prices. New research carried out for the BBC suggests that people in their 20s are facing a worse start to adulthood than any other generation in almost half a century, with more than 40% of 25-year-olds now living with their parents.Watch to find out why Polly thinks her generation owes the younger ones an apology - and how they can right these wrongs Continue reading...
bbc.co.uk
US says dozens of countries helped China dodge Trump's tariffs
A new US report said China had moved goods through nations with lower tariffs to dodge higher levies.
theguardian.com
Taiwan's simulated internet blackout, explained – video
In Taipei on Thursday, the streets swiftly emptied into shelters as air raid sirens rang out and alerts pinged on mobile phones. These kinds of drills are the norm in cities across Taiwan, amid the growing threat posed by China across the strait. But this time, internet speeds were drastically cut, simulating a coordinated attack for the first time. Rafqa Touma speaks to Yu-chen Li, Guardian researcher on China affairs, who was on the ground‘Tiktok wouldn’t open at all’: Taiwan simulates an internet blackout, with an eye on China threat Continue reading...
bbc.co.uk
I got an £89 refund – how to cancel and avoid unwanted subscriptions
After the PM announced a crackdown on subscription traps, readers share how they got into and out of unwanted plans.
cnbc.com
Tata chairman’s shock exit move puts JLR owner's bets on chips, iPhones and Air India at risk
Tata Sons Chairman's sudden exit plan has sparked concerns over the Indian multinational's commitment to invest big bucks in projects of national importance.
theguardian.com
Tougher crops and beaver dams: how UK farmers are tackling drought
Hit by heatwaves and low rainfall, food producers are finding novel solutions to help crops and cattle survivePonds and collection tanks, drought-resistant crops and a certain rodent. As the climate crisis brings more extreme weather to Britain, farmers are experimenting with new tactics to tackle drought – and flooding.The string of heatwaves and drought conditions experienced across vast swathes of Britain this summer has brought a series of challenges for food producers, particularly those growing crops more suited to the UK’s traditional climate. Continue reading...
cnbc.com
From Apple to Ford: How Chinese tech is becoming harder for global companies to ignore
Global companies are increasingly tapping Chinese technology for its growing capabilities and scale, even as geopolitical risks remain.
bbc.co.uk
'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings
Some traders are reeling from heavy losses after a brutal correction in South Korea's stock market.
bbc.co.uk
Engine parts smashed Ryanair window that man's head was sucked out of, report says
A preliminary report by US investigators says an engine fan blade broke on last month's flight from Greece to Germany.
theguardian.com
Energy nationalism and interconnectors: the next power threat? | Nils Pratley
Solar eclipses are far easier to manage than Europe’s cross-border electricity politicsIn the end, the solar eclipse did not cause the electricity grid to flicker. The early drop-off in solar generation was manageable, just as the National Energy System Operator (Neso), the state-owned body responsible for keeping the lights on, predicted. Gas-fired generators still had to be paid nose-bleed prices to fire up, and power via high-voltage interconnectors to continental Europe was also expensively sourced. But the system worked.A summer of heatwaves, however, has highlighted European grids’ reliance on those interconnectors – including seven between the UK and the continent – in an age of extreme weather and greater use of intermittent renewables. On Thursday, another low-wind “heat dome” day, a fifth of power to the British grid was coming from the continent at 10am. Cables from France alone were meeting 11%, or 3.54 gigawatts, of demand, or more than twice as much as the output at that time from the UK’s entire fleet of windfarms. Continue reading...
bbc.co.uk
Harvey Nichols bought by owner of Sports Direct
The department store made famous by sitcom Absolutely Fabulous had warned it would cease trading.
bbc.co.uk
Water bills set to rise for many after firms permitted extra funding
Ofwat has given provisional approval for 13 water companies to charge customers more to pay for investments.
bbc.co.uk
Flock boss admits surveillance firm took too long to act over police abuse
US police officers have quit after using licence plate-reading cameras to track romantic partners.
bbc.co.uk
Zero hours crackdown could cost firms up to £2.9bn a year
Labour's employment rights bill crackdown on zero hours contracts could cost businesses up to £2.9bn a year, new official analysis has found.
theguardian.com
How our food became so dependent on oil
Global food prices have hit their highest level in over three years. We are told this is due to rising oil and energy costs, but how exactly do they affect prices? The most reported reason is that transport and fertiliser are to blame, but the reality is that the oil and gas industry is far more integrated in our food production than many of us realise. To get a better understanding, Josh Toussaint-Strauss takes a closer look at the production processes of three categories of food: meat, processed staples and fruit and vegetables. What he discovers is a level of involvement that is shocking Continue reading...
theguardian.com
UK economy shows surprising resilience – but that might not last | Richard Partington
Weaker growth, rising energy costs and persistent inflation mean Britain could face tougher times in the autumnUK economic growth slows downBusiness live – latest updatesIn the spring the International Monetary Fund warned Britain faced the heaviest economic blow from the Iran war among the world’s most advanced nations. Almost six months into the conflict, on the surface, the UK appears to be proving the forecasters wrong.The latest official figures show the UK maintained its pole position as the fastest growing economy in the G7 in the first half of 2026. Despite the gloomy international backdrop and yet more domestic political uncertainty, consumers have largely continued spending and business investment has boomed. Continue reading...
bbc.co.uk
UK economy grows but experts warn of challenging months ahead
Hot weather and the men's football World Cup boosted the economy but the Iran war may weigh on growth
cnbc.com
EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data
The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.
bbc.co.uk
Why Japanese firms are being so slow to use AI
Japanese risk aversion and conservatism blamed for slow AI take-up by the country's business sector.
bbc.co.uk
Business Daily
Guinness owner Diageo launches a reset after profits fall and shares slide
theguardian.com
British driver sets new land speed record for hydrogen-powered car – video
The British engineering company JCB and the driver Andy Green have set a new world land speed record for a hydrogen-powered vehicle of 406.320mph with their JCB Hydromax. The attempt comes 20 years after Green drove JCB's Dieselmax car to a FIA-certified diesel land speed record of 350.092mph. Green also holds the outright world land speed record of 763.035mph, which he achieved in 1997, becoming the first and still only person to break the sound barrier on land Continue reading...
bbc.co.uk
Tokenomics: Why making AI pay is tricky
Buyers of AI services are struggling to control costs and sellers are not sure how much to charge.
bbc.co.uk
The Global Story
Are we entering the Chinese Century, or is the Chinese Dream already fading for some?
bbc.co.uk
'I started in my 20s and made £8,000': Why women are often better investors than men
Women can make higher returns but only about a quarter of UK women have investments, compared with about 40% of men.
bbc.co.uk
'You could smell someone' who worked at Raleigh
The company was more than just a employer. For years, it was part of the fabric of Nottingham.
bbc.co.uk
Why airlines are warning over lithium-ion batteries
The airline industry wants passengers to be careful when travelling with lithium ion batteries.
bbc.co.uk
Argos is getting a makeover - but can it attract new shoppers?
The retailer has been around for 50 years but struggled to compete with newer rivals such as Amazon. Can its new owners turn it around?
bbc.co.uk
First OpenAI, now Meta - why do AI hacks keep happening?
A flood of companies are revealing AI models gained access to the internet - with real consequences.
bbc.co.uk
Shorts, strappy tops and sandals: What is acceptable to wear to work?
Here's how to style for success while keeping your cool - and where you and your boss stand on your wardrobe.
bbc.co.uk
How tech is helping in the battle against wildfires
Tech is being used to watch for wildfires but firefighters are still needed to put them out.
bbc.co.uk
The cost of being single – and how friends are teaming up to beat it
Many singles face extra costs for housing, bills, food and holidays but there are ways to ease the burden.
bbc.co.uk
'I feel like I dug my own grave': The workers caught in the AI transition
AI is reshaping the Philippines' outsourcing industry, raising questions over the future of the industry.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
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